FT Vest U.S. Equity Dual Directional Buffer ETF - NovemberDLNV

First TrustDefined OutcomeBuffer#103 of 318 by YTD

$33.85

+0.1% last session

+8.6% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 3, 2026DLNVS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.1%	−0.2%	+1.3%	+8.6%	—	—	—	+10.5%
Peer average	+0.2%	+95.8%	0.0%	+7.6%	+8.9%	+49.8%	+52.4%	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $20M
Expense ratio: 0.85%
Distribution yield: 0.0%
NAV: $33.79
Volume: 432
Avg. volume 30D: 2K
High today: $33.87
Low today: $33.85
Previous close: $33.81
52-week high: $34.05
52-week low: $29.95
Our risk indicator: 3/5

DLNV in One Breath

DLNV Among Buffer ETFs

YTD

#1QMARFirst Trust+14.0%$614M

#2BAPRInnovator+13.7%$414M

#3PQAPPGIM+13.5%$31.7M

#4KAPRInnovator+13.0%$179M

#5FMARFirst Trust+12.9%$1.2B

#6APRTAllianzIM+12.9%$47.0M

#7KOCTInnovator+12.7%$171M

#8QBProShares+12.6%$3.8M

#99DLNVFirst Trust+8.6%$20.3M

End-of-day Nov 4, 2026 · 289 Buffer ETFs by YTD

$10,000 in DLNV

$10,000 in DLNV became

$11,051

In the S&P 500 (VOO)

$11,408

Total return, dividends in · Nov 24, 2025 – Nov 3, 2026 · S&P 500 uses VOO

DLNV Returns by Period

Today

YTD

MAX

DLNV

+0.1%

−0.2%

+1.3%

+8.6%

—

+10.5%

Peer average

+0.2%

+95.8%

0.0%

+7.6%

+8.9%

+49.8%

+52.4%

—

S&P 500 · VOO

+0.3%

−2.6%

−1.7%

+11.5%

+11.9%

+90.9%

+77.5%

—

End-of-day Nov 4, 2026 · total return, dividends in · peers = 372 Buffer ETFs

DLNV’s Defined Outcome Rank

YTD

#103of 318
defined outcome ETFs

Best · SIXH+17.5%

DLNV+8.6%

Average+7.4%

Worst · KBUF−17.8%

Defined Outcome ETFs by YTD return · Nov 4, 2026

DLNV Price and 52-Week Range

From the 52-week high

−0.6%

From the 52-week low

+13.0%

Today $33.85 – $33.87

Previous close $33.81

$33.85 now

52-week low$29.9552-week high$34.05

End-of-day Nov 4, 2026 · box = today’s range, dashed = previous close

DLNV’s Share of Buffer ETFs

Today

0.0%

of the $86.4B in 373 Buffer ETFs

DLNV$20.3M0.0%

BUFR$10.9B12.6%

BUFD$2.2B2.6%

370 others$73.3B84.8%

Buffer ETF AUM · Nov 4, 2026

DLNV Fee per $100 vs Peers

Today

$0.85a year
per $100

$85 a year on $10,000

BUFR$0.10

BUFD$0.10

BUFQ$0.10

DLNV$0.85

FMAY$0.85

FJAN$0.85

Expense ratio · Buffer peers · Nov 4, 2026

Inside DLNV

5 holdings

DLNV

FT Vest U.S. Equity Dual Directional Buffer ETF - November

Today

DLNV reports no holdings we can show: […]

First Trust DLNV · holdings

How It Compares

DLNV

FT Vest U.S. Equity Dual Directional Buffer ETF - November’s Peers

		Trend
BUFR	First TrustRead Desk		0.10%	+10.8%	+9.1%	$10.9B
BUFD	First TrustRead Desk		0.10%	+8.9%	+7.4%	$2.2B
BUFQ	First TrustRead Desk		0.10%	+10.3%	+9.0%	$1.7B
FMAY	First TrustRead Desk		0.85%	+8.4%	+6.6%	$1.5B
FJAN	First TrustRead Desk		0.85%	+11.3%	+8.9%	$1.5B
DLNV	First TrustThis fundRead Desk	New fund	0.85%	new	+8.6%	$20M

Buffer peers · Past-year and ytd returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put DLNV head to head with BUFR →

BUFR vs DLNV

YTD

BUFRFirst Trust · BufferDLNVFirst Trust · Buffer

Year to date

+9.1%

+8.6%

BUFR wins+0.4 pts

Past year

+10.8%

[…]

Level

Fee

0.10%

0.85%

BUFR winslower fee

Yield

0.0%

Level

AUM

$10.9B

$20.3M

BUFR538.5× more

2–0BUFR wins

First Trust BUFR and First Trust DLNV · year-to-date · as of Nov 4, 2026 · AUM not scored

DLNV vs VOO

YTD

DLNV · FT Vest U.S. Equity Dual Directional Buffer ETF - November

+8.6%

VOO · S&P 500

+11.5%

Gap

2.9 pts

First Trust DLNV and Vanguard VOO · 1Y total return · as of Nov 4, 2026

DLNV vs Its Peer Average

YTD

DLNVAvsBPeer average

1D+0.1%+0.2%

1M−0.2%+95.8%

3M+1.3%0.0%

YTD+8.6%+7.6%

1Y[…]+8.9%

3Y[…]+49.8%

5Y[…]+52.4%

2–2level

372 Buffer peers · each row scaled to its leader

The Details

DLNV

Risk

3/5our risk indicator

CalmerBumpier

Volatility · 1Y[…]

Deepest drop · 1Y[…]

Lowest point · 5Y−1.8%

52-week range

$33.85

$29.95−0.6% from the high$34.05

First Trust DLNV · past-year price moves · as of Nov 4, 2026

DLNV

Fund Facts

Today

2025launched Nov 21

Tracks[…]

Exchange · CUSIPCBOE · 33744U402

StructureETF

Leverage1x

Cost on $10,000$85 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

First Trust DLNV · fund facts · as of Nov 4, 2026

DLNV

Payouts by Year

Today

$0no payouts on record

DLNV does not pay a distribution.

Distribution yield0.0%

Paid[…]

Latest ex-date · paid[…]

12 payouts added up[…]

First Trust DLNV · distributions by ex-date

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-08-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-05-31 ↗SEC reported portfolio · 2026-02-28 ↗SEC reported portfolio · 2025-11-30 ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗prospectus · SEC 485BPOS ↗

Trading & Liquidity

Net asset value$33.79

Premium / discount[…]

Median spread · 30D[…]

Volume today432

Average volume · 30D2K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.85%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$85.00

Our risk indicator3/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

No payouts on record: […]

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